Completion report on merger, etc. (merger)

What happened

Completion report on merger, etc. (merger) Neowiz Co., Ltd. To the Governor of the Financial Supervisory Service August 31, 2026 Company name: Neowiz Co., Ltd. CEO: Park Seong-jun, Bae Tae-geun Head office address: Neowiz Pangyo Tower, 14 Daewangpangyo-ro 645beon-gil, Bundang-gu, Seongnam-si, Gyeonggi-do Phone: (031)8023-6600 Website: https://www.neowiz.com/ Person responsible for preparation: Director Hwang Uk, (031)8023-6600

I. Schedule Item: Neowiz Co., Ltd. (surviving company); Kongdak Studio Co., Ltd. (dissolved company) Board resolution date for merger: June 11, 2026; June 11, 2026 Merger agreement date: June 12, 2026; June 12, 2026 Record date for determining shareholders' rights: June 26, 2026; - Public notice of small-scale merger: June 26, 2026; - Period for receiving notices of objection to the merger - start date: June 26, 2026; - / end date: July 10, 2026; - Board (general meeting) resolution approving the merger: July 13, 2026; July 13, 2026 Public notice of creditor objection period: July 14, 2026; July 14, 2026 Creditor objection period - start date: July 14, 2026; July 14, 2026 / end date: August 14, 2026; August 14, 2026 Merger effective date: August 20, 2026; August 20, 2026 Board resolution date in lieu of a general meeting to report completion of the merger: August 24, 2026; - Public notice reporting completion of the merger: August 24, 2026; - Date of application for merger registration (dissolution registration): August 31, 2026; August 31, 2026

Note 1) Because this merger is a small-scale merger under Article 527-3 of the Commercial Act, Neowiz Co., Ltd. (the surviving company) substituted general-meeting approval of the merger with the board resolution held on July 13, 2026. As the merger proceeds as a small-scale merger, appraisal (share purchase) rights are not recognized. Note 2) Neowiz Co., Ltd.'s general meeting to report completion of the merger was substituted by the public-notice procedure following the board resolution, pursuant to Article 526, Paragraph 3 of the Commercial Act. Note 3) Kongdak Studio Co., Ltd. (the dissolved company), having only one director and therefore no separate board of directors, substituted board approval of the merger decision with a written resolution of the company dated July 13, 2026, and obtained merger approval at an extraordinary general meeting of shareholders held on July 13, 2026. In addition, because the dissolved company is a wholly owned (100%) subsidiary of the surviving company, Neowiz Co., Ltd., no appraisal rights arise.

II. Changes in the shareholding of the largest shareholder, etc. Neowiz Co., Ltd. owns 100% of the issued shares of Kongdak Studio Co., Ltd. and resolved to merge at a merger ratio of 1:0 under a no-new-share-issuance merger method. Accordingly, Neowiz Co., Ltd. will not issue any new shares, and there is no change in the shareholding of the largest shareholder, etc.

III. Exercise of appraisal (share purchase) rights Because Neowiz Co., Ltd. (the surviving company) qualifies as a small-scale merger under Article 527-3 of the Commercial Act, no appraisal rights are granted. Because Kongdak Studio Co., Ltd. (the dissolved company) is a 100% subsidiary of Neowiz Co., Ltd., no appraisal rights arise. The number of shareholders who notified their dissent to the merger and the number of dissenting shares are as follows. Share type: Number of dissenting shareholders; Number of dissenting shares; Ratio to total shares Common stock: 230 persons; 77,730 shares; 0.4% Preferred stock: -; -; - This satisfies the requirements for a small-scale merger under Article 527-3, Paragraph 4 of the Commercial Act, and Neowiz Co., Ltd. therefore resolved to approve the merger at the board of directors in lieu of a general meeting of shareholders.

IV. Matters concerning creditor protection Neowiz Co., Ltd. (the surviving company) and Kongdak Studio Co., Ltd. (the dissolved company) each carried out the public notice and demand for creditor objections on July 14, 2026, and as of the expiry of the creditor objection period on August 14, 2026, no creditor had filed an objection. In addition, no decision was made to repay any debt or to provide material collateral in connection with this matter.

V. Status of related litigation No lawsuit has been filed that could affect the validity of this merger.

VI. Matters concerning the allotment of new shares, etc. Neowiz Co., Ltd. (the surviving company) owns 100% of the equity of Kongdak Studio Co., Ltd. (the dissolved company), and since this merger proceeds at a merger ratio of 1:0, Neowiz Co., Ltd. will not issue new shares as a result of this merger, and no separate merger consideration has been paid.

VII. Summary financial information before and after the merger, etc. (Amounts as stated in the filing; unit not specified in the source) Item: Neowiz Co., Ltd. pre-merger (surviving company); Kongdak Studio Co., Ltd. pre-merger (dissolved company); Neowiz Co., Ltd. post-merger (estimated) [Current assets]: 258,912; 1,901; 260,811 Cash and cash equivalents: 34,887; 884; 35,771 Trade and other receivables: 41,974; 15; 41,987 Financial assets: 173,039; 1,000; 174,039 Other assets: 8,575; -; 8,575 Inventories: 437; -; 437 Income tax assets: -; 2; 2 [Non-current assets]: 365,778; 57; 364,246 Long-term trade and other receivables: 130; 3; 130 Investments in subsidiaries, joint ventures and associates: 149,012; -; 147,479 Investment property: 35,026; -; 35,026 Property and equipment: 73,216; 1; 73,217 Right-of-use assets: 66; 53; 66 Intangible assets: 22,481; -; 22,481 Financial assets: 58,625; -; 58,625 Net defined benefit assets: -; -; - Other assets: 16,794; -; 16,794 Deferred tax assets: 10,428; -; 10,428 Total assets: 624,690; 1,958; 625,057 [Current liabilities]: 68,240; 8; 68,236 Trade and other payables: 51,809; 1; 51,805 Financial liabilities: 21; -; 21 Lease liabilities: 50; 7; 50 Income tax liabilities: 2,434; -; 2,434 Provisions: 598; -; 598 Other liabilities: 13,328; -; 13,328 [Non-current liabilities]: 5,658; 46; 5,658 Trade and other payables: 4,368; -; 4,368 Financial liabilities: -; -; - Lease liabilities: 24; 46; 24 Net defined benefit liabilities: 282; -; 282 Other liabilities: 984; -; 984 Deferred tax liabilities: -; -; - Total liabilities: 73,898; 54; 73,894 [Capital stock]: 11,017; 50; 11,017 [Share premium]: 79,989; -; 79,989 [Retained earnings]: 520,136; 1,805; 520,137 [Accumulated other comprehensive income]: 2,403; -; 2,403 [Other components of equity]: (62,753); 49; (62,383) Total equity: 550,792; 1,904; 551,163 Total liabilities and equity: 624,690; 1,958; 625,057

Note 1) The above financial information was prepared based on the latest financial statements available as of the filing date, namely the separate and individual financial statements of Neowiz Co., Ltd. and Kongdak Studio Co., Ltd. as of June 30, 2026. Note 2) The above estimated post-merger balance sheet (statement of financial position) was prepared by aggregating each company's separate and individual financial statements and eliminating intercompany transactions between the surviving and dissolved companies; it may differ from the financial statements actually prepared as of the merger date (August 20, 2026).